BP and Sinopec form JV in Singapore

British oil major BP and Chinese oil company Sinopec Fuel Oil will form a 50/50 marine fuels bunkering joint venture named as BP Sinopec Marine Fuels.

The JV will be based in Singapore, the top bunkering port in the world, and leverage both companies‘ ‘existing bunkering locations and activities to deliver marine fuel to their customers, with a strong focus on Chinese shipping companies’.

“BP Sinopec Marine Fuels will operate across a network of key bunkering locations providing reliable and competitive fuelling options,” Sinopec said in a statement.

In addition, BP Sinopec Marine Fuels will serve various ports including Fujairah, Antwerp, Rotterdam, and Amsterdam, as well as Chinese ports of Tianjin, Qingdao, Shanghai, Ningbo, and Shenzhen, according to a BP statement.

As the third anniversary of the entry into force of the Maritime Labour Convention 2006 (MLC) approaches, Seafarers’ Rights International (SRI) is embarking on a comprehensive study on the effectiveness of the Convention. The study has been commissioned by the International Transport Workers’ Federation. It will be an in-depth and... Read more →